Low Mortgage Rates Are Back - Blue Home Loans Inc. Weighs In

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California mortgage company, Blue Home Loans, Inc., takes a look at recent mortgage rate trends and offers advice for those seeking the best home loans.

Those who had been patiently waiting and hoping for low mortgage rates to make a comeback were rewarded today after the national average rate for 30yr fixed rate mortgages dropped back down to levels last seen on October 30th. Blue Home Loans, Inc. a California full-service mortgage company that has been offering the lowest wholesale rates and best loan programs to CA home loan borrowers for many years, takes a look at the new movement and gives some advice for those who wish to save money on their homes.

A November 7th report from Mortgage News Daily explains, “Mortgage rates made a strong move lower today, erasing the entire week's losses and regaining levels last seen on October 30th and 31st. In fact, for both Treasuries and mortgages, rates improved more today than on any other day since October 15th. 4.125% had been increasing in prevalence this week in terms of the average quote for top tier borrowers on conforming 30yr fixed loans. Today's improvement tips the balance decidedly back in favor of 4.0%.”

The same article continues, “There's reason to believe that pricing will improve next week even if underlying trading levels merely hold steady. Of course rates can ALWAYS go higher or lower, but today was important in that it at least gives us a fighting chance to reverse the trend.”

Blue Home Loans suggests that California borrowers who have been holding out for better rates to apply for a loan should consider doing so soon. While these lower mortgage rates may stay for a while, and hopefully go even lower, there is no telling how long they will last so getting a mortgage application in motion would be the best bet to ensure bagging a great deal on a home purchase or refinance loan.

The Blue Home Loans team, lead by father and son Robert and Brandon Blue, is dedicated to helping their clients find the very best loan options for their unique situations and ensuring that the loan process goes as smoothly and as quickly as possible. Even borrowers with complicated loan scenarios have benefited from a smooth loan process thanks to the mortgage experts and Blue Home Loans.

One Blue Home Loans review from a client living in Santa Clara, CA, says of Brandon Blue and the company, “Great experience! After a frustratingly disastrous attempt to refinance through our then existing mortgage company I was referred to Brandon by a coworker. Brandon assured me that the process needn't be so unpleasant and we quickly got started--and it couldn't have gone smoother. Every question I had was quickly answered and he and his team were there to help every step of the way.”

For those who are looking for the lowest mortgage rates and best home loan options in California, the Blue Home Loans team can be more than helpful. As the Blue Home Loans website says, "We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs."

For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate -- BRE #01938557 NMLS #1162386

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